This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at skukreja@investitude.co.in
It has been over a month now since the government launched the “Sukanya Samriddhi Yojana” on January 22nd. But, no authorised public sector bank has the details or the application form of this scheme till date to help investors open an account. Even the post offices are not providing the application form or the details of the scheme easily.
On behalf of the general public, I would like to ask the government why do we announce such schemes when we do not have the basic infrastructure to help those for whom these schemes are being launched? I know I’ll not get any reply, but I really want to know when will our governments or public sector offices start working in an efficient manner?
Why don’t we privatise our post offices, banks or such other public sector organisations which have been operating highly inefficiently for years and years now? If we cannot privatise these organisations due to political compulsions, why don’t we make them improve their efficiency levels?
Yesterday I posted various salient features of this scheme and today I received a few emails asking for the list of banks where this account can be opened. I also got queries asking for the application form to open an account. Here is the extract of one such mail.
Hello Mr. Kukreja,
I just read your article and your views over Pradhanmantri Sukanya Samriddhi Yojana. It was fabulous to read. Very clear and understanding information.
Actually i need a help or say favour from you. Am trying to get the Account Opening Form of above said scheme, but i didnt find any. Could you pls mail me the form of the same, so that without wasting any time i can proceed with the investment.
If you say that, collect from the post at nearby my residence, well sir i have inquired but they have none.
So its a kind request to you.
Overall thanks once again for your information and guidance.
Application Form for opening a Sukanya Samriddhi Account in a Post Office
To open an account under this scheme, the application form is still not available on the website of India Post. However, you can use this application form for getting your account opened with any of the post offices. I have downloaded this form from the website of India Post itself. Though this application form is still not updated, with ‘SSA’ missing on the top of this form, I have been told that the post offices will not refuse to accept this form.
However, here is one more link to the application form with which you can download the updated application form.
You can also print the application form from this circular of the Department of Posts, Ministry of Communications & IT, dated January 21, 2015. This circular also has the Notification No. G.S.R. 863(E) dated December 2, 2014, having all the rules & regulations of Sukanya Samriddhi Yojana. This circular has the application form on the 9th page.
List of Banks which have been authorised to open Sukanya Samriddhi Account
Here is the list of scheduled commercial banks which have been authorised to open accounts under Sukanya Samriddhi Yojana:
* State Bank of India (SBI)
* Bank of Baroda (BoB)
* Punjab National Bank (PNB) – Website Link – Contact No. – 011-25744370
* Bank of India (BoI)
* Canara Bank
* UCO Bank
* United Bank of India
* Andhra Bank
* Allahabad Bank
* Indian Bank
* Corporation Bank
* Central Bank of India
* IDBI Bank
* Dena Bank
Once these banks upload the application form on their respective websites, I’ll share the links to their forms in front of their names.
I am sure many of you must be facing difficulties in getting the required information about this scheme and also you would be in a hurry to open this account before the financial year ends. I would advise you to approach post offices as of now because some of the banks will take their own sweet time to get their branch personnel updated. I am sure you will get the option to migrate to the bank of your choice at a later date.
If you get any useful info/link regarding this scheme or have any of your good/bad experiences or any query, please share it all here.
Ye yojana sbi ki associate bank me bhi scheme chalu rahegi
Hi Nilesh, aap ye info bata rahe ho ya pooch rahe ho?
Meri bachika age 5 yer har sal my 50000 hajar diposit karuga tho 14 sal ke bad kitna Ayega
Ye scheme 21 saal ke liye hai, 14 saal ke liye nahin.
we can open with caner bank its possible
Are you asking or telling about Canara Bank?
Hi,
Our daughter is born abroad. Its been more than 5 years since we returned back and we are now residents of India with OCI card. Can you please inform if we are eligible for sukanya samruddhi account? We plan to live and retire in India.
Thanks,
Prasanna
Hi Prasanna,
You would be required to confirm it with the post office. I am not sure about it whether you would be allowed to open an account or not.
hi sir pls
plan ka puara details send kijiye naa
Hi,
Please check this post – http://www.onemint.com/2015/03/03/sukanya-samriddhi-yojana-tax-free-small-savings-scheme-for-a-girl-child/
Sukanya Sam ridden yojana
Sukanya Sam ridden yojana
Ake girl ka kitan account khul saketa ha
Sirf Ek.
Can I open an account in my granddaughter name
Only if you are her legal guardian.
Total detail suknya sumridd postoffice yoga name pleased give all ditail
Please check this post, it has all the details – http://www.onemint.com/2015/03/03/sukanya-samriddhi-yojana-tax-free-small-savings-scheme-for-a-girl-child/
Hello shiv
I have 6month old baby girl. Is she eligible or not plz confirm me.and where I want open account for her
Hi,
Yes, your daughter is eligible. You can open her account in the nearest post office or authorised bank branches.
Article was worth reading. Few query yet not cleared kindly help.
Hi Sir,
I have few of the below query:
> Girl is born on 30/04/2004 will she will be eligible for account opening.
> What will be the mode of payment
> Can I open and pay on behalf of my sisters daughter
> Is these possible where I can submit forms on my sisters behalf.
> Can multiple account can be open? If so how much?
Thanks In Advance.
Thanks Rahul,
1. Yes, she is eligible to open this account.
2. The interest will get compounded and is payable on maturity along with your principal amount.
3. Only if you are her legal guardian.
4. You can submit form in the post office or authorised bank branches.
5. Only one account can be opened in a girl child’s name.
Thanks for the immediate response
One point is still not cleared
Mode of payment I mean how I need to invest money via: online, cash, cheque, etc.
You are welcome!
As of now, only cash/cheque/DD payment is allowed. Online facility is still not available.
Dear Sir,
I have got the message from one of my close friend on whatsup. But I am not clear on the issues-
(i) how much my daughter will get after maturity if I go with Rs 100/1000 per month ?
(ii) If I open the account at Mumbai, then can I operate it from another area, if my residence has been changed , means on maturity where should I visit for claiming my amount..?
(iii) I have visited 02 post offices today, one of them told since now they are not having such facility, while another was not taking any interest in this regard.
(iv) who can clarify all the doubts and can well explain about the scheme?
Plz help me out, I am much interested about the plan for my daughter aged 04 yrs at this time.
Thanking u in anticipation and needful please.
Hi Vikash,
1. Assuming 9.1% rate of interest for 21 years, the maturity amount would be Rs. 52,605.
2. You can migrate your account to any city in case you change your city of work.
3. Banks/Post Offices are still not updated with the scheme, so please wait for a few more days for them to get updated.
4. Please check this post, I think it will help you understand this scheme in a better way – http://www.onemint.com/2015/03/03/sukanya-samriddhi-yojana-tax-free-small-savings-scheme-for-a-girl-child/
Is this available in andra Pradesh…?
F Y 14-15 ke liye age limit 10 year aur 1 year grace hai. Kya agale F Y me ye age bar change ho jayega ?
Age limit is 10 years. One year grace period is there only till December 1, 2015.
Its a verry good scheme
What are the few documents you need to open the account?
Documents Required – Birth Certificate of the girl child, along with the identity proof and residence proof of the guardian, are the mandatory documents required to open an account under this scheme.
http://www.onemint.com/2015/03/03/sukanya-samriddhi-yojana-tax-free-small-savings-scheme-for-a-girl-child/
Que-Is This scheme is ending on March 31 or we can start investing from next financial year.please reply
This scheme will continue beyond March 31st. You can start investing next year as well.
hello sir,
i wanted to know that can i fill this form for my niece as she stays with us and her parents stay in village. so can i apply for this scheme …do reply
Hi Sangeeta,
To open an account for your niece, you have to be her legal guardian.
i whant to no t amout reply
Hasmukhbhai, aapki query samajh nahin aayi. Aap Hindi mein bhi pooch sakte hain.
Demand draft, cheque or money is acceptable. online banking is not in place
Online facility is not in place as yet in the scheme, but I think it will be there going forward as it is there with PPF as well.